India Employment-Related Fraud Highest in Financial and IT Sectors

First Advantage Private Ltd., part of the employer services segment of First Advantage Corp., Asia-Pacific&#39;s largest background screening and talent acquisition solutions provider, has released its second quarterly report, &ldquo;Background Screening Trends &ndash; India.&rdquo;<br /> <br />Ashish Dehade, managing director (West Asia) of First Advantage, said, &ldquo;Background screening acts as a first line of defense against potential fraud and security breaches. More sectors taking it up actively would employ fewer candidates misrepresenting information and thus, concurrently, fewer likely to engage in frauds or security breaches.<br /> <br />&ldquo;Increasing incidents of reported involvement of employees in internal or external frauds and collusion in data-security infringement have led to greater recognition of the need for background screening. Reported incidences of car drivers being involved in crimes in the IT/IT-enabled Service (ITeS) sector; employees gaining access to sensitive customer information in the banking; financial services and insurance (BFSI) sectors; and staff in educational institutions involved in exploitation cases have all led to growing awareness of the need for background screening of employees, as well as vendor/contract staff.&rdquo;<br /> <br />The second &ldquo;Background Screening Trends &ndash; India&rdquo; report, based on employment background checks conducted by First Advantage from April to June 2008, observes: <br /> <br /><ul><li>The IT industry has experienced the highest increase (almost 3.5 times) in education-related discrepancies compared to Q1-08.</li><li>Educational qualification-related discrepancies in the BFSI sector are the highest in six quarters.</li><li>All the key industries tracked have shown an increase in education-related discrepancies.</li><li>Maximum discrepancies for educational qualifications were related to institutions in Northern India at…


cmadmin

ABOUT THE AUTHOR

Posted in Uncategorized|

Comment:

Powered by WebDesk